Overcharging costs eclipse AIB’s H1 dealing profits

Dealing profits including forex were down 20% from $49 million for the first half of last year, but even without this downturn, the bank’s dealing profits would have fallen short of the cost of its latest scandal.

AIB has set aside e50 million to cover repayments to clients overcharged for forex deals and for associated costs as a result of an error in the margin rates the bank had notified to its regulator.

Although AIB had charged its clients the market rate of a 1% margin on certain FX

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.fxweek.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Week account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: